Kfad Inc

Analysis

Kfad Inc is a registered charity in United States, based in Beloit, WI. It received its IRS tax-exemption ruling in June 1999, 27 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Kfad Inc reported income of $81k and spending of $77k, spending 96% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $69k to $81k (+17%), an average of +18% a year. The sharpest change came in the year to December 2023, when income rose by 17%. Over the whole period it spent 90% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Kfad Inc sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 29th percentile within WI. Charities of a similar size with the same main cause include Contemporary a Cappella Society of America ($81k), Three Arts Club of Lakewood Ohio ($81k) and Hawkinsville-Pulaski County Arts Council Inc ($81k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 56% and program service revenue 44% of the total. At year end it held assets of $98k against liabilities of $0, net assets of $98k.